Strategies For Doing Business Overseas

Have you ever thought about expanding your business overseas
into an emerging market? Before you do, you'd better have a
contingency plan. Many U.S. companies are unprepared for overseas
instability. Should an economic crisis impact your business, here
are some proven steps to take:

Assess your financial capability. If you're able to endure
a tough time, stay in the market. If you can't, get out.

Obtain information on the local economy. Utilize the nearest
U.S. Chamber of Commerce organization.

Save your client base using a customer-retention strategy.

Â· Acquire legal representation-someone to help you
collect payments owed you and walk you through breach-of-contract
issues.

Cut your extras-employees, marketing efforts, etc. If you
can get by with a bare-bones operation, do it.